Lease Advisory
Lease Advisory
Our specialist team of RICS surveyors provide lease advisory services to landlords and tenants in the logistics, manufacturing, trade counter, office, retail and medical sectors, both across the region and nationally.
Our in-depth knowledge of the commercial property market and technical understanding of regulations, legal procedures and negotiating skills means we deliver the best results for our clients.
Our team works closely with our agency, investment, building surveying and management departments to ensure that the advice provided combines our technical knowledge and experience alongside the relevant market data.
Rent Reviews
- Commercial leases of any significant duration will provide for the periodic review of the annual rent.
- Understanding rent review mechanism, lease covenants and having a fundamental knowledge of the local and national market conditions are essential to ensure an accurate rental assessment at the review date.
- Our Lease Advisory surveyors are very experienced in dealing with all of the issues that arise around rent reviews and have access to a constant stream of rental evidence to underpin rent review negotiations, to ensure our clients achieve the best possible outcome.
- Our team includes members of the RICS (Royal Institution of Chartered Surveyors) Panel.
Lease Renewals
- We provide representation to both investors and occupiers in the negotiation of lease renewals, on both protected leases (within the Landlord and Tenant Act 1954) and unprotected leases (no security of tenure).
- Our team will ensure that we fully understand the client’s strategic requirements surrounding a lease renewal, to ensure the best tailored advice is provided and that the client’s interests are protected.
- We will also liaise with your legal advisors throughout the renewal process, from the advice around the initial service of notices, negotiations, through to completion of the lease documents.
- We also have the unique ability to collaborate with our other departments to provide value added advice surrounding the lease renewal process, to include dilapidations, project management, agency, drone surveys and management.
Asset Management
- Our team has the market knowledge and experience to be able to deliver commercial property market solutions to clients to support their strategic targets.
- We advise on all aspects of a client’s portfolio, from lettings, rent reviews, lease renewals, re-gears, dilapidations, development and management, ensuring that we co-ordinate all elements to provide strategic, streamlined and professional advice, helping clients protect their assets at the same time as identifying opportunities to enhance value.
- We do this by actively engaging with occupiers, to develop a strong rapport and professional relationship in order to understand their business needs and how these fit within our client’s strategic objectives.
- We combine this with collaboration with our specialist departments to exchange ideas and discuss ultimate strategy, to ensure we align the asset with the client’s wider business needs.
Lease Advice
- Whether you are a landlord or tenant, the commercial property market is an ever-evolving landscape and the Lease Advisory team will provide the advice you need to help you adapt and develop your business needs around the occupational lease.
- We provide specialist advice around the re-gearing of a lease, which can evolve a multitude of factors, from the removal of break options, repairs, incentives, the adaption of terms through to reversionary leases.
- We draw on the knowledge and experience of other departments within our firm to ensure your interests are protected.
- For example, our Building Surveying team can advise on the cost and suitability of repairs, our Agency team can advise on a potential relocation / alienation / market incentives and our Valuation team can advise on the impact on value.
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Worked successfully on several occasions with the team at Kirkby Diamond dealing with asset disposals and complex rent reviews. Throughout, the advice given was excellent, allowing us to make sound business decisions on each transaction. Aside from great technical knowledge, genuinely nice people who are easy to do business with and who deliver what you want, not what they want you to have.
Global Distribution Company | October 2024